Walmart (WMT) was the strongest Dow stock by far Monday, up nearly 3%, pushing the index to close up for the fifth day in a row, the
Wall Street Journal reported.
The stock rose after a Citigroup analyst upgraded WMT to “buy” from “hold,” and raised the price target for stock of the world’s biggest retailer to 65 from 54, according to the Journal.
Retailers have been among the best performers recently, with the S&P Retail Index hitting a new 27-month high.
Another discount store chain,
TJX Companies (TJX), rose 2% to close at a new record high, according to Investor’s Business Daily. The clothing retailer’s earnings growth accelerated over the past three quarters.
Walmart (WMT) is a
Cabot Benjamin Graham Value Letter stock and TJX Companies (TJX) was recently named a
Cabot Top Ten Report stock.